FREELANCE FINANCIAL CAN HELP YOU SECURE COVER FOR DIFFERENT NEEDS…
PRIVATE HEALTH CARE
Now more than ever private healthcare is a necessity. With the NHS chronically underfunded and the additional pressure of today’s pandemic climate, accessing medical assistance, whether urgent appointments or crucial surgery, is incredibly challenging. Private healthcare is more affordable than you realise and can get you consultant appointments fast and follow-on treatments in around two weeks. From sporting injuries to minor and major ailments, you can ensure your family is protected should the worst happen.
Contact Freelance Financial for a noobligation quote, with no home visit required.
INCOME PROTECTION
Income protection insurance is a policy that protects you against loss of income due to illness or accident, and could provide you with a tax-free income that continues to pay out until you are able to return to work or retire. Income protection enables you to replace some of your lost earnings, so that you are able to continue your lifestyle, ensuring household bills and expenses are paid, even when you’re not earning. For example, income protection could cover your rent or cover other expenses like your phone contract, car finance, credit card or holiday payments. And it’s not just about the money: you could be entitled to extra support if you are off work, such as help to access physiotherapy or rehabilitation services to support your recovery.
MORTGAGES
Freelance Financial offers a carefully selected panel of mortgage lenders who excel in turnaround times and offer exclusive rates to accommodate borrowers in different situations. So, whether you are a First Time Buyer, Home Mover or wish to reduce your monthly costs by re-mortgaging, Freelance Financial are sure to have a deal for you! Buy-to-Let deals available also! At Freelance Financial, their friendly and experienced mortgage advisers understand that finding the right mortgage deal can be confusing. That’s why their advisers will explain in simple terms how different types of mortgages work and show you the latest rates. They will explain all the options and handle the application to the lender on your behalf.
LIFE INSURANCE
Life insurance is essential if you have a dependent household on your income. The policy amount paid out to the family in the case of your death will keep them financially solvent for a while so they can plan on how to cope financially. If your partner were to return to work or start working, time off is essential to figure out all your partner’s options, from finding a job, to looking for childcare options and coming to terms with the tragedy. Sudden death, especially of the biggest earner in the family, can be a terrible shock emotionally to the family. Financial stress can unnecessarily add to the grief, therefore, life insurance is a secure policy to have when your family depends on you.
CRITICAL ILLNESS COVER
Anybody can be affected by illness. Nobody can predict the future, but a critical illness policy can provide a financial cushion. If you were unlucky to be diagnosed with an illness covered by your policy, you will receive a tax-free, lump-sum payment. A lump sum can go toward helping you through a difficult time. With no restrictions on how to spend your lump sum, the choice is yours in how you apply the coverage to meet your financial needs, from meeting mortgage or rental payments, to paying for living expenses, reducing your working hours or adapting your home.
ALL ABOUT LIFE INSURANCE: EVERYTHING MARRIED COUPLES NEED TO KNOW
Deciding to get married and legally partner with someone might seem like the biggest decision you will make, but in reality, it’s likely one of the easiest compared to all of the other details that need to be figured out after you get engaged. And when it comes to finances, life insurance should be part of the conversation. Couples often combine their finances as newlyweds, making both spouses financially responsible for major shared purchases and debts, like a mortgage or credit card debt. Purchasing life insurance helps couples make sure their partner is financially taken care of should something unexpected happen to one of them.
NEWLYWED LIFE INSURANCE
Life insurance for newlyweds can be a tricky subject, however, once the celebrations are over, you may be ready to discuss how you can protect each other financially if the worst were to happen. It’s especially important if you are considering buying a home or starting a family. Understanding the different life insurance options available, the costs involved and how arrangements can be made to protect your loved one should be at the top of your list. As newlyweds, this could actually be the most affordable time for you to arrange cover, too. Young couples who are in good health are in the ideal position to price around for low life insurance premiums because they pose less of a risk to insurers. A newlywed couple taking out life insurance in their twenties or thirties could obtain premiums starting from just 20p a day.
Newlyweds often have a number of shared financial commitments, including:
- Mortgage repayments or rental costs
- Car repayments
- Credit card debts
- Household/utility bills
- Childcare fees
Many of these costs will become the responsibility of your partner and/or family if you were no longer around. According to research from Child Poverty Action Group, the average cost of raising a child to 18 years in the UK is £152,747. A life insurance payout may need to go towards funding additional childcare so that the surviving parent can return to work. The average cost of full-time nursery childcare in the UK is a staggering £263.81 per week for a single child. The loss of income from a deceased partner, particularly if they were the main breadwinner, could have a significant effect on the household income. A common misconception is that stay-at-home parents don’t require cover, yet they are equally important. The best choice for many newlyweds is the life insurance policy that is most affordable policy, such as a family income benefit policy.
FAMILY INCOME BENEFIT
Family income benefit can be described as an income replacement. It provides your family with on-going monthly taxfree payments for a specified length of time, (if you were to pass away during the term). This option could benefit newlyweds who have children and are looking for more affordable life insurance.
ABOUT FREELANCE FINANCIAL
Freelance Financial’s principal, Ronan Muldoon, has been in the financial services industry for nearly twenty years in various roles across different firms and networks. Freelance Financial’s head office is situated in Belfast, although they are developing a network of advisers across Northern Ireland who can provide you with local service. Currently their advisers offer more than 100 years of combined experience regarding mortgage, personal and business insurance knowledge when speaking with their clients about their needs and benefits. Freelance Financial is happy to call with clients at a time and location that suits you best, whether it’s in your home or office, in the evening after work or at the weekend.
David Allen CeMAP: Mortgage and Protection Insurance Adviser, Lisburn – Moira – Portadown – Armagh
Tel: 07590 047873 dallen@freelancefinancial.co.uk
Wesley Carson: Health Specialist and Protection Insurance Adviser, Tyrone and Derry
Tel: 07561 711673 wcarson@freelancefinancial.co.uk
Kerry Donnelly CeMAP: Mortgage and Protection Insurance Adviser, Belfast
Tel: 07734 316327 kdonnelly@freelancefinancial.co.uk
Lukas Kiraly: Multilingual Protection Insurance Adviser (Speaks: Czech, Slovak and Polish)
Tel: 07730 337547lkiraly@freelancefinancial.co.uk
www.freelancefinancial.co.uk | Ronan Muldoon trading as Freelance Financial is authorised and regulated by Financial Conduct Authority. FCA Number (762154)
